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Ohio-based Fairmount Santrol to merge with Unimin Corp.

Wednesday, January 3, 2018 by


Fairmount Santrol, a frack sand supplier located in Chesterland, Ohio, recently announced plans to merge with Unimin Corp., a U.S. subsidiary of Belgium’s SRC-Sibelco NV, according to Crain’s Cleveland Business.

The directors of both companies have approved an agreement where Fairmount Santrol and Unimin will combine in a tax-free, cash and stock transaction. The companies expect the transaction to close in mid-2018.

The $170 million deal will create an industrial mineral company with about $2 billion in annual revenue.

Learn more: Crain’s Cleveland Business > Fairmount Santrol shareholders to receive $170 million as company agrees to merge with Unimin Corp.

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